Charles Blumenkehl, CEO of Blumenkehl Companies, announced his company is committing to purchase and manage through Blue Companies and Blue Asset Management LLC, of which he is managing partner, holdings in excess of $2 million in the city of Paterson in 2011.
According to Blumenkehl, “As the economic recovery continues to manifest itself in increased manufacturing needs, Paterson makes for an attractive pool of available labor force who can fill much needed jobs, which need to be met with an ample supply of good housing in stable neighborhoods. We hope to support that effort as we continue to apply our effective management systems to our properties in Paterson.”
Blumenkehl, originally raised in Paterson, believes that his knowledge of the area is very helpful in his company’s ability to analyze which neighborhoods present which challenges and where his funds would be best to employ their resources.
For more information about Charles Blumenkehl or Blue Asset Management, log on to their companies website at www.bluemanagementllc.com or call the company directly at 973-835-1400.